United Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for United Bank Mumbai Greater Bombay Maharashtra

MICR Code
Bank United Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pedder Road
Contact (022) 23524997,23522097(Mgr)
Bank Details United Bank Of India Pedder Road UTBI0PDR608
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400026
Country IN
Address Anand arshan, 13, pedder road, mumbai - 400026, maharashtra
Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 400027110 for Pedder Road branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 400027110 of United Bank India, Pedder Road branch makes the system almost error free and faster. Use of United Bank India MICR codes for Pedder Road branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for United Bank Pedder Road

United Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. United Bank India MICR code for Pedder Road is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 400027110 is the MICR code of United Bank for Pedder Road branch. MICR code for Pedder Road branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for United Bank India Pedder Road is presented in the table alongside.

Use of United Bank India MICR code for Pedder Road branch in mumbai

The MICR code 400027110 is used in RBI cheque clearing process to identify the branch Pedder Road and United Bank India bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of United Bank is typically in either of these two font’s: E-138 and CMC-7.

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